RESPA governs the amounts and types Homeowner’s insurance; property taxes; and mortgage insurance) of escrow purposes. (See my 12/3/2012 blog post regarding RESPA.)
This article How to tell if lender is overcharging escrow account was released and made me think about escrows.
Per my earlier post on May 4, 2012 (Who needs to pay Property taxes and homeowner’s insurance?), I addressed the fact that most lenders will require advanced payments at closing for future invoices for property taxes and insurance.